Asian
shares recovered on Wednesday’s trading after fears of a global pandemic were reduced
due to China's quick response and sincerity in dealing with the disease, which
reassured investors about the potential repercussions.
Japan’s Nikkei
225 index surged 0.70 percent to 24,031.35 points.
Australia
S&P/ASX 200 finished 0.94 percent up at 7,132.78 and South Korea’s Kospi
index ascended by 1.23 percent to 2,267.25.
Hang
Seng Index increased by 1.29 percent to close at 28,345.34, while the Shanghai
Composite Index was 0.28 percent up to 3,060.75.
China's
National Health Commission on Wednesday announced a ninth death from the new
coronary virus as the number of infections continues to increase, with 440
cases, so far, infected by the new virus, as hundreds of millions of Chinese
prepare for holiday trips this year new lunar.
The
disease brought back memories of the severe acute respiratory syndrome (SARS)
epidemic in China during 2002-2003, an outbreak of coronavirus that killed
nearly 800 people.
China
is scheduled to celebrate the Lunar New Year, a major gold-buying event in the
region, starting at the end of this week, but investors are worried about
contagion as hundreds of millions travel for the New Year's holiday.
The
disease, which began in Wuhan in China, has spread to the United States,
Thailand, South Korea, Japan and Taiwan.
Meanwhile, the dollar
index, which tracks the green currency’s movements versus a basket of six major
currencies, rose by 0.14 percent at 97.43.